Post Utme Achievers University 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2021 Economics Objective / Multiple Choice
Question 22 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • ECONOMICS • objective

A central bank is considering a monetary policy to reduce inflation. If the central bank increases the reserve requirement for commercial banks, what is the likely effect on the money supply?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No effect
D. Uncertain
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Achievers University 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Achievers University Economics examination.

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